Shares rose nearly 15 percent, to close at $96.64, after the salon operator and cosmetics retailer said quarterly profits rose 20 percent, to $41.8 million or 65 cents per share, beating Wall Street's predictions.

The Bolingbrook-based beauty retailer on Tuesday posted profits of $34.9 million or 54 cents per share in last year's first quarter.

Analysts polled by Bloomberg had expected the company to earn $40 million, or 62 cents per share in the quarter that ended April 28.

Sales rose nearly 23 percent, to $582.7 million from $474.1 million at the same time last year.

Sales in stores open at least year, an important retail metric, also beat expectations, climbing 6.7 percent; Wall Street had expected a gain of 4 to 6 percent.

Interim Chief Executive Dennis Eck said the company is on track to add an additional 125 stores this year along with more in-store Lancome and Clinique boutiques. It's online business continues to grow as well, Eck said, delivering 70 percent sales growth during the quarter.

In the next quarter, the company said it expects to earn $64 to $67 cents per share. It said revenue should range between $579 million and $589 million, up from $481.7 million a year earlier.